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A Guide to Model Risk Governance

The world survived turmoil from geopolitical shifts, soaring inflation, great resignation, and three years of compounding crises from the COVID-19 pandemic. There is no escape for businesses across industries from the state of ‘permacrisis’ or extended periods of instability and insecurity. Most model-reliant businesses in banking, financial services, and insurance (BFSI) are predisposed to intermittent… Continue reading A Guide to Model Risk Governance

How Leading Financial Services Companies are Managing Model Risk in 2023

Financial services companies face a complex risk management landscape, with model risk being one key area of concern. Model risk is a bit unique because it is a risk factor that is essentially exclusive to the financial sector and companies that are applying risk management principles in a financial context.  In the world of finance,… Continue reading How Leading Financial Services Companies are Managing Model Risk in 2023

10 Common Pitfalls to Avoid When Implementing Model Risk Management in Financial Services Companies

Financial services companies routinely confront a variety of risk factors, threats, and vulnerabilities as part of their risk management and mitigation efforts. In fact, the financial sector is amongst the most highly targeted by criminals and it’s amongst the most highly regulated in terms of regulatory compliance. Beyond all of this, there is also the… Continue reading 10 Common Pitfalls to Avoid When Implementing Model Risk Management in Financial Services Companies

How to Spot Compliance Issues Quickly with a Risk Management Dashboard?

Banks and financial institutions confront serious risks on a daily basis, with many of these threats being unavoidable due to the very nature of the banking industry. This underscores the importance of developing a comprehensive risk management strategy that works to mitigate and largely neutralize threats, bringing them down to a more reasonable and manageable… Continue reading How to Spot Compliance Issues Quickly with a Risk Management Dashboard?

How Solid Issue Management Can Help Your Team

There are many ways to handle risks, what remains constant is the importance of having a plan for dealing with them. Learn how to make your company’s issue management process more effective.  Business is all about solving problems not creating them. However, you’re bound to encounter problems during any project. Now, it is possible to anticipate… Continue reading How Solid Issue Management Can Help Your Team